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Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 29,000

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Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 29,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $508,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $652,459 and its actual total direct labor was 29,500 hours. 1 Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) 04:0814 Predetermined overhead. rate per DLH Grw Prov 1 of 13 Novt WP X 2 MacBook Pro 4) FR $ % & # 7 3 4 5 *CO

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